Summary

An optical waveguide is a spatially irregular structure designed to transmit optical messages by guiding and confining light along a predetermined path. Optical waveguides play a crucial role in photonics, facilitating the integration of electronic components on a chip with optical fibers through the configuration of waveguides in three-dimensional space.

The primary types of optical waveguides include planar waveguides and channel waveguides. Planar waveguides are optical structures that obstruct the movement of optical rays in the opposite direction. These waveguides are utilized to concentrate optical radiation in the propagation direction and also serve as input devices. They are constructed from various materials such as glass, polymer, and semiconductor, catering to applications at metro and long-haul optical interconnect, board-to-board and rack-level optical interconnect, and chip-and-board-level optical interconnect levels. Optical waveguides find applications in various industries, including telecommunications, data centers, high-performance computing, medical, metrology, aerospace and defense, consumer electronics, industrial, and others.

The optical waveguide market research report is one of a series of new reports from The Business Research Company that provides optical waveguide market statistics, including optical waveguide industry global market size, regional shares, competitors with an optical waveguide market share, detailed optical waveguide market segments, market trends and opportunities, and any further data you may need to thrive in the optical waveguide industry. This optical waveguide market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The optical waveguide market size has grown strongly in recent years. It will grow from $6.93 billion in 2023 to $7.48 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth observed in the historical period can be attributed to the expansion of telecommunications infrastructure, the demand for high-speed data transmission, increasing internet penetration, growth in the IT and telecommunication sector, and the rising demand for energy-efficient communication systems.

The optical waveguide market size is expected to see strong growth in the next few years. It will grow to $10.3 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The anticipated growth in the forecast period can be attributed to the deployment of 5G networks, the expansion of data centers, the demand for high-bandwidth applications, the increasing adoption of cloud computing, and the surge in demand for optical communication in the automotive industry. Major trends expected in the forecast period include the increased use of flexible optical waveguides, a rising demand for optical waveguides in healthcare applications, a growing focus on environmentally friendly and sustainable optical waveguide materials, advancements in integrated photonics, and innovations in optical signal processing technologies.

The optical waveguide market is poised for growth, driven by the expanding data center business. Data centers, which utilize intricate networks, computing, and storage infrastructure for shared access to applications and data, incorporate optical waveguides to facilitate high-speed and high-bandwidth optical communication. This enables efficient data transmission over long distances, enhancing overall network performance and scalability. Notably, global investment in data center infrastructure more than doubled, soaring from USD 24.4 billion in 2020 to USD 53.8 billion in 2021, as reported by DLA Piper, a UK-based law firm. Additionally, the total number of data center transactions witnessed a significant 64% increase, escalating from 69 in 2020 to 113 in 2021. Hence, the burgeoning data center business is a pivotal factor propelling the optical waveguide market.

The optical waveguide market is set to experience further growth due to the rising demand for high-speed internet connectivity. High-speed internet connections, surpassing traditional dial-up speeds, rely on optical waveguides to transmit data through optical fibers, ensuring faster and more efficient communication with increased bandwidth and reduced signal loss compared to copper-based systems. In March 2023, according to the UK's Office of Communications (Ofcom), the average download speed for home broadband connections in the UK increased by 10% to 65.3 Mbit/s compared to March 2022. This growth underscores the escalating demand for high-speed internet connectivity, acting as a driving force for the optical waveguide market.

A prominent trend in the optical waveguide market is product innovation, with major companies actively developing innovative products featuring advanced technologies to maintain their market positions. For instance, Lumus Ltd., an Israel-based augmented reality company, introduced the Next Generation 2D 'Z-Lens' in January 2023. Leveraging Lumus' 2D Maximus technology, the Z-Lens waveguide architecture boasts a more compact projector and prescription. The optical engine of the Z-Lens is 50% smaller than its predecessor, Maximus, offering increased flexibility for glasses manufacturers in positioning the entrance aperture. This innovative technology is expected to drive widespread consumer adoption of AR glasses.

Major companies in the optical waveguide market are intensifying their focus on introducing advanced technologies such as SRG+ to maximize market revenues. SRG+ display technology, introduced by DigiLens, a US-based company, in April 2023, represents the next level of surface relief gratings (SRG). It enhances reflective efficiencies at a lower cost, revolutionizing the industry. SRG+ aims to facilitate the development of smaller, lighter AR glasses with high-resolution image quality, outdoor-compatible brightness, and seamless prescription eye integration.

In December 2022, Microsoft Corporation, a US-based technology company, acquired Lumenisity Ltd. for an undisclosed amount. This acquisition equips Microsoft with Lumenisity's next-generation hollow core fiber solution, enhancing capacity optimization for its global cloud infrastructure. Lumenisity Ltd., a UK-based company, specializes in advanced hollow-core fiber optic cable solutions based on optical waveguides.

Major companies operating in the optical waveguide market report are Sumitomo Electric Industries Ltd., Prysmian SpA, Corning Incorporated, Synopsys Inc., Fujikura Ltd., FibreHome Telecommunication Co. Ltd., Mouser Electronics Inc., Yangtze Optical Fiber and Cable Co. Ltd., America Fujikura Ltd., Bizlink Technology Inc., Sterlite Technologies Ltd., Accelink Technologies Corporation, Himachal Futuristic Communications Ltd., Eoptolink Technology Inc. Ltd., ZTT International Ltd., SAB Brockskes GmbH & Co. KG, OFS Fitel LLC, Wooriro Co. Ltd, LEONI Fiber Optics Inc., Digilens Inc., LUMUS Ltd., Wave Optics Ltd, INGUN, Waveguide Communications Inc., Vescent Photonics LLC, MicroVacuum Ltd., Cognifiber Ltd, Waveguide Optical Technologies LLC, Anello Photonics Inc., AdvR Inc.

North America was the largest region in the optical waveguide market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the optical waveguide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the optical waveguide market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The optical waveguide market consists of sales of optical fiber waveguides, transparent dielectric waveguides, liquid light guides, liquid waveguides, and dielectric slab waveguides. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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Table of Contents

1. Executive Summary
2. Optical Waveguide Market Characteristics
3. Optical Waveguide Market Trends And Strategies
4. Optical Waveguide Market - Macro Economic Scenario
4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market
5. Global Optical Waveguide Market Size and Growth
5.1. Global Optical Waveguide Market Drivers and Restraints
5.1.1. Drivers Of The Market
5.1.2. Restraints Of The Market
5.2. Global Optical Waveguide Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Optical Waveguide Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Optical Waveguide Market Segmentation
6.1. Global Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Planar Waveguide
Channel Waveguide
6.2. Global Optical Waveguide Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Glass
Polymer
Semiconductor
6.3. Global Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Metro And Long-Haul Optical Interconnect
Board-To-Board And Rack-Level Optical Interconnect
Chip-And Board-Level Optical Interconnect
6.4. Global Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Telecommunication
Data Center And High Performance Computing
Medical
Metrology
Aerospace And Defense
Consumer Electronics
Industrial
Other End-Users
7. Optical Waveguide Market Regional And Country Analysis
7.1. Global Optical Waveguide Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Optical Waveguide Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Optical Waveguide Market
8.1. Asia-Pacific Optical Waveguide Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Optical Waveguide Market
9.1. China Optical Waveguide Market Overview
9.2. China Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Optical Waveguide Market
10.1. India Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Optical Waveguide Market
11.1. Japan Optical Waveguide Market Overview
11.2. Japan Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Optical Waveguide Market
12.1. Australia Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Optical Waveguide Market
13.1. Indonesia Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Optical Waveguide Market
14.1. South Korea Optical Waveguide Market Overview
14.2. South Korea Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Optical Waveguide Market
15.1. Western Europe Optical Waveguide Market Overview
15.2. Western Europe Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Optical Waveguide Market
16.1. UK Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Optical Waveguide Market
17.1. Germany Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Optical Waveguide Market
18.1. France Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Optical Waveguide Market
19.1. Italy Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Optical Waveguide Market
20.1. Spain Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Optical Waveguide Market
21.1. Eastern Europe Optical Waveguide Market Overview
21.2. Eastern Europe Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Optical Waveguide Market
22.1. Russia Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Optical Waveguide Market
23.1. North America Optical Waveguide Market Overview
23.2. North America Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Optical Waveguide Market
24.1. USA Optical Waveguide Market Overview
24.2. USA Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Optical Waveguide Market
25.1. Canada Optical Waveguide Market Overview
25.2. Canada Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Optical Waveguide Market
26.1. South America Optical Waveguide Market Overview
26.2. South America Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Optical Waveguide Market
27.1. Brazil Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Optical Waveguide Market
28.1. Middle East Optical Waveguide Market Overview
28.2. Middle East Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Optical Waveguide Market
29.1. Africa Optical Waveguide Market Overview
29.2. Africa Optical Waveguide Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Optical Waveguide Market, Segmentation By Interconnect Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Optical Waveguide Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Optical Waveguide Market Competitive Landscape And Company Profiles
30.1. Optical Waveguide Market Competitive Landscape
30.2. Optical Waveguide Market Company Profiles
30.2.1. Sumitomo Electric Industries Ltd.
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Prysmian SpA
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Corning Incorporated
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Synopsys Inc.
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Fujikura Ltd.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Optical Waveguide Market Other Major And Innovative Companies
31.1. FibreHome Telecommunication Co. Ltd.
31.2. Mouser Electronics Inc.
31.3. Yangtze Optical Fiber and Cable Co. Ltd.
31.4. America Fujikura Ltd.
31.5. Bizlink Technology Inc.
31.6. Sterlite Technologies Ltd.
31.7. Accelink Technologies Corporation
31.8. Himachal Futuristic Communications Ltd.
31.9. Eoptolink Technology Inc. Ltd.
31.10. ZTT International Ltd.
31.11. SAB Brockskes GmbH & Co. KG
31.12. OFS Fitel LLC
31.13. Wooriro Co. Ltd
31.14. LEONI Fiber Optics Inc.
31.15. Digilens Inc.
32. Global Optical Waveguide Market Competitive Benchmarking
33. Global Optical Waveguide Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Optical Waveguide Market
35. Optical Waveguide Market Future Outlook and Potential Analysis
35.1 Optical Waveguide Market In 2028 - Countries Offering Most New Opportunities
35.2 Optical Waveguide Market In 2028 - Segments Offering Most New Opportunities
35.3 Optical Waveguide Market In 2028 - Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer